Do you ever wonder how others accumulate wealth or how they always seem to have the funds, or access to funds, to invest in opportunities when prices seem attractive? The opportunity could be something as small as a high-ticket item on sale or as large as buying an entire business. The ability to wield this [...]
On the board Drake Bank, St. Paul, named to its board: Bo Thao-Urabe of the Coalition of Asian American Leaders and Richard Wanke, an experienced entrepreneur and chief commercial officer at Urban FT.
St. Paul, Minn. | July 9, 2020 – Bo Thao-Urabe and Richard Wanke have joined the Drake Bank Board of Directors. The addition of Bo and Richard to the Drake Bank Board is part of a strategy to expand the breadth of the Drake Bank Board by relying on experienced community business leaders from a [...]
While fixed income investing can offer the investor less risk than stocks and provide a steady stream of interest income, many individual depositors do not have the resources to experience the same benefits as market professionals. However, by using certificates of deposit (CDs) individual depositors can achieve benefits similar to those from a professionally managed [...]
While small businesses are known to be the backbone of the economy, community banks build local communities by reinvesting local dollars back into the community to help create local jobs. And when there is a need, community banks often find ways to help support the community and local neighbors. “Our business, as a community bank, [...]
Similar to what I shared in my last post, awareness in leadership is critical. As a leader, many of us have learned and been taught to build our teams to add expertise. What I have found to be equally important is evaluating team members’ strengths and weaknesses to fill-in and balance ourselves and the team [...]
St. Paul, Minn. | May 27, 2020 – Drake Bank welcomes Jay Larson as vice president and controller. Larson has an extensive background in the banking industry, with expertise in business and financial operations, efficiencies, and mergers. Larson comes to Drake Bank after serving as senior financial accountant at Highland Bank. Prior to his work [...]
Small Businesses make up 99.5% of Minnesota businesses and employ over 47% of Minnesota’s employees, according to the U.S. Small Business Administration, Office of Advocacy’s 2019 Small Business Profile. These strong statistics reinforce the saying: “small businesses are the backbone of our economy.” At Drake Bank, we have a passion for serving our community and [...]
Gaining Awareness We all know it, it’s been said many different ways, and so many times – so let me make this short: Our lives, business, and normalcies have entirely changed. So, when our Human Resource and Talent Development Officer, Melissa Deutsch, suggested checking our team status by executing a word cloud, my immediate answer [...]
St. Paul, Minn. | May 4, 2020 – Drake Bank welcomes Laura Gevik to the senior management team as senior vice president, chief operations officer. Gevik's results-oriented experience in coaching and developing staff, and bank management and operations will allow Drake to continue in its growth trajectory. Gevik's extensive banking leadership includes working as an [...]